Procurement Optimization

A data analysis tool that evaluates how an organization’s spending ties together and interacts across various dimensions

Procurement optimization analysis is critical to monitor and improve strategic sourcing, procurement process efficiency, and value creation within the supply chain while supporting greater profitability and competitive advantage for an organization. In summary, it improves supplier relationships, increases efficiency, and reduces costs.

Our clients leverage our procurement optimization analysis to streamline sourcing processes for better efficiency and identify out-of-contract or unauthorized spending.

Through identifying information sources, gathering and cleansing data, grouping categories and information by supplier, and analyzing interdependencies, we help our clients better understanding their spending ties to improve cost savings.

How can we help you optimize your procurement by using analytics

  • Identify all the sources available for spend data, from all departments, and business units
  • Gather and consolidate all spend data into one central database
  • Cleanse data through finding and correcting errors 
  • Group and categorize suppliers for better supplier management
  • Analyze spend data against key performance indicators

Capabilities

Services